A 28-year-old banker was mysteriously found dead in his Texas apartment, prompting local police to probe his ‘unexplained’ death.
Carter McIntosh, an investment banker at Jefferies Financial Group’s Dallas office, was found dead inside his apartment at around 11am on Monday, according to records obtained by Business Insider.
It is unclear why police responded to McIntosh’s apartment that day, and a cause of death has not yet been listed – with the Dallas Police Department saying it is unknown at this time.
‘Based on the date, approximate time and location, this incident is being investigated as an unexplained death,’ Public Information Officer Michael Dennis said.
Jefferies CEO Richard Handler and President Brian Friedman notified employees of McIntosh’s untimely passing in an internal memo on Tuesday, according to Business Insider.
‘It is with tremendous sadness that we report we learned yesterday that Carter McIntosh, one of our talented associates in Dallas, has passed away,’ the memo said.
‘Our most sincere condolences go out to his family, friends and colleagues.
‘We are in touch with Carter’s family, who know we stand ready to support them in any way we can,’ Handler and Friedman added.
Carter McIntosh, 28, was found dead inside his Dallas apartment at around 11am on Monday
He was an investment banker at Jefferies Financial Group’s Dallas office
‘Our thoughts and prayers are with them, and we hope that Carter’s memory is a blessing for them during this very sad time.’
McIntosh worked at Jefferies as an investment banking associate for the firm’s team covering technology, media and telecommunications.
He joined the bank in September 2023, and had previously worked as an analyst at Moelis & Co until June 2023.
Before that he was an equity research analyst at Goldman Sachs in New York City until the Spring of 2021.
McIntosh graduated from Seton Hall University in New Jersey with a bachelor’s degree in finance a few years earlier.
Following the news of his death, a first-year analyst took to the Wall Street Oasis forum to argue that the working culture at Jefferies ‘has gotten out of hand,’ claiming that the bank is ‘horrible right now,’ the New York Post reports.
‘Hopefully someone does something to fix this,’ the anonymous poster wrote.
‘The firm’s teams are stretched too thin, timelines are increasingly aggressive, and there’s a very notable lack of consideration for junior employees’ quality of life.
‘My friends at other banks can’t believe when they hear what’s going on at Jefferies,’ he claimed.
It is unclear why police responded to McIntosh’s apartment that day, and a cause of death has not yet been listed – with the Dallas Police Department saying it is unknown at this time
Jefferies CEO Richard Handler and President Brian Friedman notified employees of McIntosh’s death in an internal memo on Tuesday
Another banker also wrote that he worked with McIntosh and Moelis, calling him a ‘friend’ with a ‘really great sense of humor.’
McIntosh’s death comes less than a year after a former Green Beret passed away just one year into a grueling investment banking job at Bank of America, where associates said they worked 100-hour weeks that left them feeling sick.
Leo Lukenas III, 35, died of ‘acute coronary artery thrombus’ – a disease that causes the formation of a blood clot inside a blood vessel of the heart.
The father-of-two and former member of the Army’s Special Forces joined the banking industry the summer before in an attempt to ‘pursue new opportunities for his family,’ according to his loved ones.
Lukenas’ death prompted Bank of America and JPMorgan Chase to crack down on the number of hours junior bankers worked.
Bank of America said at the time it would introduce a timekeeping tool that requires employees to specify how their time is spent, and JPMorgan Chase said it would cap junior bankers’ work hours at 80 per week – but with certain exceptions such as when there is a live deal.
DailyMail.com has reached out to Jefferies for comment.